The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session.
China: The central bank yesterday ordered commercial banks to set aside more reserves for the third time this year. Gross domestic product rose 10.6 percent in the three months to March 31 from a year earlier and consumer prices climbed 8.3 percent in March, close to the fastest pace in 11 years, the statistics bureau said yesterday.
The finance ministry will sell 28 billion yuan ($4 billion) in five-year bonds tomorrow. The Agricultural Development Bank of China will auction tomorrow 10 billion yuan of debt maturing in seven years.
The yield on the 4.07 percent bond due March 2018 fell 2.3 basis points to 4 percent, according to China Interbank Bond Market. A basis point is 0.01 percentage point.
India: Annual inflation slowed to 7.23 percent in the week ended April 5, from 7.41 percent in the previous week, economists said before a report today at noon.
The yield on the 7.99 percent bond due July 2017 rose 7 basis points to 8.08 percent, according to the central bank's trading system.
Indonesia: Money supply growth data for February are due as early as today.
The yield on the 9 percent bond due September 2018 slid 10 basis points to 11.95 percent, according to the Inter Dealer Market Association.
Malaysia: The government will sell 100 million ringgit ($31.7 million) of six-month bills and 80 million ringgit of three-month bills today. The securities yielded 3.436 percent and 3.457 percent respectively at the previous sales on April 3.
The yield on the 4.24 percent bond due February 2018 jumped 2 basis points to 3.79 percent, according to the central bank.
Philippines: The nation had a balance of payments surplus of $1.7 billion in the first quarter, boosted by remittances, exports and overseas investment, the central bank said yesterday.
The yield on the 5 7/8 percent note due January 2018 climbed 13 basis points to 7.61 percent, according to the Philippine Dealing & Exchange Corp.
Singapore: Non-oil domestic exports grew 0.4 percent in March from a year earlier, following a 7.3 percent gain in February, economists said before a government report today.
The yield on the 3 3/4 percent bond maturing September 2016 increased 4 basis points to 2.345 percent, according to data compiled by Bloomberg.
South Korea: The jobless rate rose in March as builders and manufacturers shed workers. Unemployment edged up to 3.1 percent from 3 percent in February, the statistics office said yesterday.
The yield on the 5 1/4 bond due March 2013 was unchanged at 4.98 percent, according to Korea Securities Dealers Association.
Sri Lanka: The central bank will today report February trade data. It offered to add as much as 2.5 billion rupees ($23 million) to the banking system yesterday by buying government bonds at the reverse-repurchase rate of 12 percent.
The yield on the 7.5 percent bond due March 2009 fell 5 basis points to 18.5 percent, according to People's Bank.
Taiwan: The benchmark Taiex stock index gained the most in almost a week yesterday.
The yield on the 2 3/8 percent bond maturing in March 2018 climbed 1.7 basis points to 2.47 percent, according to Gretai Securities Market.
Thailand: The central bank will sell 70 billion baht ($2.2 billion) of 14-day bills tomorrow. Household debt rose 70 percent in the past seven years as low interest rates encouraged borrowing, the Nation reported, citing Anuk Serechetapongse, an economist with the central bank.
The yield on the 5 1/8 percent bond maturing March 2018 jumped 5 basis points to 4.49 percent, according to the Thai Bond Market Association.
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